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Demand Deposit Marketplace (DDM) Sweeps

At Machias Savings Bank, we're always focused on how we can help our clients make the most of their money. If you need to deposit a large amount of money and still want FDIC insurance, we think you'll be pretty happy with a Demand Deposit Marketplace (DDM) Sweep. You can deposit as much as you want, all right here, and every penny is fully covered via FDIC insurance. With DDM Sweeps, your funds are not locked in a fixed term deposit; you have access anytime you need it.